By Karen Freifeld and Alexandra Alper WASHINGTON(Reuters) – The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year…
By Deena Beasley (Reuters) – Amgen Inc’s Lumakras pill reduced the risk of disease progression in patients with advanced lung cancer by 34% compared with chemotherapy in a clinical trial, the company said on Sunday. There was no significant difference in overall survival between the two treatments in the confirmatory study required by U.S. regulators…
(Reuters) – Billionaire activist investor Daniel Loeb backed off from pushing Walt Disney Co to spin off ESPN, saying he has a “better understanding” of the sports television network’s potential for growth. This comes after Disney Chief Executive Bob Chapek reaffirmed the value of ESPN to the media company. “We believe that ESPN is an…
By Aidan Lewis CAIRO (Reuters) – The European Bank for Reconstruction and Development (EBRD) will help finance the decommissioning of 5GW of inefficient gas-fired power plants in Egypt from 2023 while pledging up to $1 billion for renewables, its regional director said on Sunday. EBRD would raise up to $300 million in sovereign financing for…
BARCELONA, Spain (AP) — Around 150,000 Catalan separatists rallied in Barcelona on Sunday, trying to reignite the independence movement that is fraying as it nears the five-year anniversary of its failed breakaway bid from Spain. For the past decade, the Sept. 11 rally held on Catalonia’s main holiday has been the focal point of the…
COLOMBO, Sri Lanka (AP) — A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside efforts to uplift the country’s economy as a way out of its worst crisis in recent memory. USAID Administrator Samantha Power told reporters that such moves will increase international and local trust…
NEW YORK (AP) — Inflation isn’t only costing small businesses money. It’s costing them customers as well. At the Bushwick Grind Cafe in Brooklyn, New York, Kymme Williams-Davis has raised prices and switched to different types of goods to keep up with the rising costs of milk, coffee, paper goods and plastic, as well as…
By Julie Gordon OTTAWA (Reuters) – More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own greyer version: The Great Retirement. Canada’s labor force grew in August, but it fell the previous two months and remains smaller than before the summer as tens of thousands…
POKROVSK, Ukraine (AP) — Through the debris-strewn rooms of the bomb-blasted house, the incessant ringing of a phone punctuates the crunch of broken glass splintering underfoot as police lay out a body bag. But the call will never be answered. The phone’s owner crouches lifeless on the floor of his home, in a front room…
FRANKFURT (Reuters) – Munich Re said reinsurance rates were set to rise across the industry, caused by inflation, higher interest rates and a decline in capital to underpin underwriting activity. In a statement on Sunday, the German group said reinsurance capacity, or the industry’s financial ability to take on risks, was on the decline while…
